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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?


To: CharleyMike who wrote (4842)11/1/1998 6:18:00 PM
From: BarbaraT  Read Replies (1) | Respond to of 7247
 
VRIO - my pick. Got slammed last week, hoping for a big comeback.



To: CharleyMike who wrote (4842)11/1/1998 6:35:00 PM
From: Wowzer  Respond to of 7247
 
I'll go with IBC. The stock sold off 25% on about 13 times average volume Friday due to an earnings warning. They were supposed to report about $.53, company indicated earnings will be closer to $.46. Earnings aren't due until first part of Dec. IBC is USA's largest baker and distributor of baked goods with brand names such as Hostess, Dolly Madison, Wonder, Home Pride, Merita, Roman Mill and others. Reason for decline in earnings was due to price competition. Currently trades at 14 times earnings and only 7 times cash flow. Strong fundamentals, excellent brand name products, company should bounce back to $30 in my opinion.

Rory



To: CharleyMike who wrote (4842)11/1/1998 11:38:00 PM
From: EaglePutt  Read Replies (1) | Respond to of 7247
 
TAVA; my pick for the week...
I pick this purely based on the charts. As I read it, the earnings to be released will meet expectations and there is some good accumulation going on. I used to play TAVA earlier this year and I found that OBV was a good indicator for this stock. The OBV has been rising this past week.
I also like the nice cup and handle configuration formed. The small drop on Thursday was an indication that the some weak hands are being shaken.
Keep in mind that TA is probably more inaccurate for small caps and more so for a highly controlled stock like TAVA
Good luck to all.
Go XYLN, OSI, MRVT (ABTX?)